STACK Construction Technologies Honored on the Inc. 5000 List of Fastest Growing US Companies for a 3rd Year
With a 262% 3-year growth rate, STACK continues to positively impact the construction technology market and help users to drive business growth
CINCINNATI, Aug. 15, 2019 /PRNewswire-PRWeb/ -- Inc. magazine recently revealed that STACK Construction Technologies [STACK], provider of the industry's leading cloud-based takeoff and estimating platform for preconstruction professionals, is #1579 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. This recognition marks the third time STACK has been honored for its exponential growth.
"We are honored to be recognized for our third consecutive year as one of the nation's fastest-growing private companies," said Phil Ogilby, Founder and CEO at STACK.
"Achieving this kind of growth is no easy feat and we simply could not reach these levels of success without the support of our construction users or the dedication of our tremendously talented team. To be counted among such an outstanding group of fellow honorees is truly humbling and we're equally proud of the cumulative growth and excellence exhibited by the other leaders and entrepreneurs being celebrated, he continued."
Today's construction market is more competitive than ever and project opportunities are abundant, but for contractors, focusing on the right projects can be challenging. STACK software is helping users to overcome that challenge by reshaping the preconstruction process - from one that's risk-prone and disconnected to one that's efficient, accurate and collaborative. The accelerated growth that STACK continues to experience can be directly attributed to the value delivered and impact made on the general contractor, subcontractor, supplier and manufacturer customers it supports.
"Driving growth and success for our construction industry users is our top priority. So long as we stay focused on that goal, our own company growth will follow suit. To ensure that we deliver, we will continue to invest in our software development and our people; and we will listen to our customers and aim to help them solve complex problems with easy-to-use solutions," Ogilby concluded.
Not only have the companies on the 2018 Inc. 5000 been incredibly competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000's aggregate revenue was $237.7 billion in 2018, accounting for over 1.2 million jobs over the past three years.
Complete results for STACK and all members of the 2019 Inc. 5000 list, can be found at http://www.inc.com/inc5000.
About STACK Construction Technologies:
STACK Construction Technologies is the industry's leading cloud-based takeoff and estimating platform for preconstruction and estimating professionals. Our easy-to-use software empowers thousands of general and subcontractors to save time by speeding up the takeoff process, to save money by eliminating mistakes and to focus on what matters most – growing their business and winning more profitable work. Visit http://www.stackct.com to learn more.
More about Inc. and the Inc. 5000
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit http://www.inc.com.
SOURCE STACK Construction Technologies
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